Energy groups risk wasting $1.6 trillion of investment by assuming that current emissions-cutting policies will not be tightened up in the light of the latest science and international climate change goals, according to the think tank Carbon Tracker.

In a new report, Mind the gap: the $1.6 trillion energy transition risk, it warns that there is “a yawning gap” between the Paris Agreement, which pledges to keep climate change well below 2°C above pre-industrial times and aims for 1.5°C, and government policies, which are consistent with 2.7°C of warming.

Source: $1.6 Trillion Of Investments At Risk If Fossil Fuel Firms Fail To Heed Climate Targets